Quote:
Originally Posted by wustin
There's no way he hasn't been selling covered calls since January. He's too smart to not look at his GME position and go full theta.
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As long as we're assuming the screenshots are real & not doctored (which I do), then unless he's selling them far enough OTM they haven't hit you wouldn't we have seen a change in shares (or his cost basis/cash total if he bought back in to hit the round 50/100k share numbers)?
He was sitting on $11m in cash since January, even if it now dips back to $40 (which I think even bearish people who actually look at the finances & RC team can agree is a fair price for the turnaround potential), he's now got $11m between $3m cash & 200k shares. I don't know him past his Youtube videos, but I get the sense he was very caught off guard (like everyone) when it spiked this much, and I don't know if he's trying to squeeze small %'s out of there or just figuring out bigger issues when he's now worth 8 figures & has had to deal with Massachusetts regulators & Congressional investigations, as well as still choosing to heavily engage with the Reddit-ish following. The conspiracy theories on what exactly some tweets imply was sometimes hilarious with how far people tried to find connections and how you can 6 degrees anything (my favorite was when he had the John Locke hatch tweet and someone realized that they only opened the hatch by blowing it up with dynamite from a ship called the Black Rock), but even if it was just building up to this options exercise/double down he clearly put a lot of effort into it considering how many were edited or had allusions to earlier posts of his.